United Kingdom

Steady profit growth across all regions including Ireland and encouraging contribution from TR Direct

U.S.A

Creditable performance reflecting renewed vigour in the US economy and new multinational contract wins

Currently, a small part of TR but strategic to the business’ future growth plans

Globally

Investment in sourcing, automation, IT analytics and specialist sales engineers

“As stakeholders know, the global market for fasteners and related components for assembly is vast, and in terms of penetration, TR’s revenue is barely measurable; however, even though the market remains fragmented there is an opportunity for smaller more flexible players like ourselves to be “strategic consolidators”.

“The Board remain very optimistic that the phrase a ‘World of Opportunity’ initiated last year is gathering momentum as the Group’s structure and focus enables further organic growth, and when combined with new business and niche expansion opportunities, TR’s operational teams feel confident in their ability to deliver strong results through 2013/14, and into the future.”